Bitcoin price expected to accelerate if daily close above $113K is secured
Bitcoin’s market structure and the recent rally to new highs suggest an accelerated phase of price discovery has just begun.
Key point:
Bitcoin’s momentum continues to accelerate above $113,000, leading traders to predict a rally to $150,000.
Bitcoin (BTC) made a new all-time high above $113,788 on Thursday, and several analysts expect the uptrend to continue. 10x Research head Markus Thielen told Cointelegraph that BTC has a 60% probability of rising more than 20% in the next two months.
